The new outfit, Infinity Filmed Entertainment, plans to produce four to five features a year for the next two years for the international market.
Mehta's Colours Of Passion is a biopic of controversial 19th century Indian painter Raja Ravi Varma and will star Randeep Hooda. Produced by Deepa Sahi and Infinity's Aanand Mahendroo, the film will open on 700 prints in India on June 20.
Infinity has also formed a second production outfit, Action Slate Films, in partnership with Las Vegas-based Birch Tree Entertainment to produce a slate of martial arts movies.
The first project, Hands Of The Dragon, will star rising Hong Kong martial artist Philip Ng and shoot for 15 weeks in Mumbai and Vancouver from June. Lauro Chartrand (The Last Samurai) and Chow Yun-fat stunt double Wong Wai Fi are on board as fight coordinators.
Birch Tree's Art Birzneck and Infinity's Aanand Mahendroo will produce with Infinity's Mehool Parekh and Francois Da Silva as executive producers. Birch Tree will handle international sales.
Infinity is also producing Motherland, a large-scale drama from director Avik Mukhopadhyay. Now in post-production, the film stars Seema Biswas, Pawan Malhotra and Biju Phukan.
Launched by leading Indian TV producer Aanand Mahendroo and finance executive Mehool Parekh, Infinity is India's only indigenous completion bond company and is backed by General Insurance Corporation. It holds a 25% stake in Brazilian distributor Lumiere.
'Infinity Filmed Entertainment is the content creation division of Infinity that is focused on Indian international cinema and international co-productions,' said Mahendroo and Parekh in a statement. 'It is the vision of Infinity to make films that go beyond the Indian market to find acceptance in the rest of the world.'